Aqua Advisors Llc
- Regulatory AUM
- $299M
- Discretionary
- $19.6M
- Clients
- 51
- Avg AUM / client
- $5.9M
- Accounts
- 278
- Employees
- 2
AUM over time
Annual snapshots from Form ADV filings · as of Mar 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 51 | $299M | 100.0% |
People (2)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Milagros Varela Fleurquin | Cco | Sep 2016 (10y) | 50% – 75% | |
| Varela, Jose | Member | Sep 2016 (10y) | 50% – 75% |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/17/2026 | 1.09 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- Citigroup Global Markets Inc. $54.8M (18% of AUM) Mar 2026
- Citibank $42.7M (32% of AUM) Feb 2021
- Stonex Securities Inc. $36.4M (12% of AUM) Mar 2026
- Morgan Stanley $33.9M (11% of AUM) Mar 2026
- UBS $19.8M (7% of AUM) Mar 2026
- J.P. Morgan $10.1M (3% of AUM) Mar 2026
- J Safra Sarasin $9.7M (8% of AUM) Dec 2020
- Citigroup, Inc. $8.7M (6% of AUM) Dec 2022
- Pershing $5.0M (2% of AUM) Mar 2026
- Santander Securities Llc $3.9M (1% of AUM) Mar 2026
- Banco Santander $3.2M (1% of AUM) Mar 2025
- Sabadell Securities Usa, Inc. $3.0M (1% of AUM) Mar 2026
- Credicorp Capital Llc $2.0M (1% of AUM) Mar 2026
- Gazaler S.A $1.0M (0% of AUM) Mar 2025
- Deutsche Bank Securities Inc. $571K (0% of AUM) Feb 2021
- D&P Corredores De Bolsa $457K (0% of AUM) Mar 2026
- Xp Investments Us, Llc $122K (0% of AUM) Mar 2026
- Banco Itau Uruguay S.A. $9.0K (0% of AUM) Mar 2026
- Charles Schwab & Co. $2.4K (0% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 17, 2026.
View current Form ADV (SEC/IAPD) ↗